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The European Investment Bank as Policy Entrepreneur and the Promotion of Public-Private Partnerships

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  • Moritz Liebe
  • David Howarth

Abstract

This paper focuses on the important role of the European Investment Bank (EIB) in the European Union’s promotion of Public-Private Partnerships (PPPs). We first demonstrate the relative importance of the EIB in relation to the European Commission on the promotion of PPPs. We then argue that the activism of the EIB on PPPs can be explained in terms of the bank’s operation as a policy entrepreneur. The paper further explains that the entrepreneurial role of the EIB with regard to PPPs relied massively on the presence of a small number of, principally British, ‘norm entrepreneurs’ who actively promoted the PPP concept and the specific norms that supported it within the EIB. While there are indications that the EIB operated as a rational actor in its promotion of PPPs, we argue that ideas ultimately drove the pro-PPP activism of both individual EIB officials and the institution collectively.

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  • Moritz Liebe & David Howarth, 2020. "The European Investment Bank as Policy Entrepreneur and the Promotion of Public-Private Partnerships," New Political Economy, Taylor & Francis Journals, vol. 25(2), pages 195-212, February.
    • Handle: RePEc:taf:cnpexx:v:25:y:2020:i:2:p:195-212
    DOI: 10.1080/13563467.2019.1586862
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    Cited by:

    1. Hinrika Droege & Julian Kirchherr & Andrea Raggi & Tomás B. Ramos, 2023. "Towards a circular disruption: On the pivotal role of circular economy policy entrepreneurs," Business Strategy and the Environment, Wiley Blackwell, vol. 32(3), pages 1142-1158, March.

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